By Staff
Thursday, February 25, 2021 12:27 AM
LAVAL, Quebec—
Bausch Health Companies Inc. (NYSE/TSX: BHC) will expand its board of directors with the addition of two designees from the Carl Icahn Group as part of an agreement with the
investor's group, which said earlier this month that it has increased its ownership stake in the health care company to almost 8 percent. In a separate announcement Wednesday, Bausch reported that “despite unprecedented business challenges resulting from the COVID-19 pandemic … Bausch Health finished the year strong and outperformed the high end of [its] latest revenue guidance range.”
By Staff
Wednesday, February 24, 2021 12:24 AM
GENEVA, Switzerland—
Alcon (SIX/NYSE:ALC), a global leader in eyecare, reported Tuesday that its worldwide sales for the fourth quarter rose 2 percent on a reported basis to $1.9 billion. The increase was 1 percent on a constant currency basis.
By Staff
Tuesday, February 16, 2021 12:24 AM
LAVAL, Quebec—
Bausch Health Companies issued a statement Friday in response to the news that activist investor Carl Icahn had accumulated a sizable stake in the health care company, as Icahn Capital noted in a Securities and Exchange Commission filing late last week.
By Staff
Friday, January 22, 2021 12:18 AM
CORAL SPRINGS, Fla.—Three optometry students who presented scientific posters will be recognized during the 2021 Global Specialty Lens Symposium virtual conference as winners of the 6th Annual Optometry Student Challenge, a program designed by
ABB Optical Group, in collaboration with
Paragon Vision Sciences, to foster the study of contact lenses.
By Staff
Thursday, January 21, 2021 12:33 AM
NEW YORK—The
American Optometric Association (AOA) has squared off against another eyecare industry organization—the
National Association of Optometrists and Opticians (NAOO)—in a dispute in which the AOA calls into question whether the NAOO “can claim to be a representative organization of doctors.” The AOA’s complaint stems from the divergent views each group apparently took on an AOA-supported Contact Lens Rule Modernization Act.
By Staff
Thursday, January 21, 2021 12:21 AM
SAN RAMON, Calif.—
CooperVision Specialty EyeCare said this week that it plans to make investments in its Gilbert, Ariz., and Sherbrooke, Quebec, manufacturing facilities. The moves are in response to the growing adoption of the company’s specialty contact lenses by eyecare professionals, the announcement noted. The Gilbert site—in suburban Phoenix—currently produces Paragon CRT contact lenses and materials. The group’s ambitious expansion plans will grow the facility to more than 45,000 square feet by 2025, with a refurbished shipping and warehouse center, and a substantially larger specialty lens manufacturing floor.
By Staff
Monday, January 4, 2021 12:15 AM
JUANA DIAZ, Puerto Rico—As part of its educational mission in STEM disciplines,
EcoExploratorio Inc. has established a collaborative partnership with
CooperVision to create the Scientific Room of Marine Life at the Puerto Rico Science Museum.
By Staff
Wednesday, December 30, 2020 12:21 AM
WASHINGTON—
The Health Care Alliance for Patient Safety (APS) said late Monday that Congress has taken action “to delay the implementation, effective date and enforcement of the Federal Trade Commission’s (FTC) updated Contact Lens Rule until March 31, 2021.”
By Staff
Wednesday, December 30, 2020 12:18 AM
STARANZANO, Italy—
Safilens, a contact lens company based here, noted in a recent announcement that it is celebrating its 20th anniversary.
By Staff
Tuesday, December 22, 2020 12:15 AM
SAN RAMON, Calif.—The largest-ever retrospective study of its kind has found very low complication rates in children who wear soft contact lenses, similar to rates in adults. The newly published outcomes offer eyecare professionals valuable real-world information to better counsel parents and caregivers as they consider proven myopia management options to help slow myopia progression, according to a recent announcement.
By Staff
Monday, December 14, 2020 12:24 AM
SAN RAMON, Calif.—
CooperCompanies (NYSE:COO) announced that A. Thomas Bender and Allan E. Rubenstein, MD, have decided to retire and will not stand for re-election at the annual meeting of stockholders in March 2021.
By Staff
Friday, December 4, 2020 12:24 AM
SAN RAMON, Calif.—
CooperCompanies (NYSE: COO) on Thursday reported that its fourth-quarter revenue fell 1 percent year-over-year to $681.6 million. In its business units, CooperVision (CVI) revenue dipped 1 percent to $506.3 million, and CooperSurgical (CSI) revenue fell 4 percent to $175.3 million. For the fiscal year, which ended Oct. 31, 2020, revenue totaled $2.430 billion, a decrease of 8 percent from fiscal 2019 (also down 8 percent at constant currency). CVI revenue totaled $1.843 billion, down 7 percent from fiscal 2019 (down 6 percent at constant currency).